Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more
U.S. grains: Soybeans set fresh high on supply worries, technical buying
Chicago wheat, corn also close higher
CBOT weekly outlook: $12 soybeans possible
Reading Time: 2 minutes MarketsFarm — There’s a good chance that soybeans on the Chicago Board of Trade (CBOT) could reach US$12 per bushel before the end of December, according to grains analyst Terry Reilly of Futures International in Chicago. “It’s very possible. We’re not too far away from it. We also got close to that point back on […] Read more
U.S. grains: Corn, soy retreat as USDA’s supply cuts disappoint
Renewed talk of Russian export curbs supports wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures turned lower on Thursday after the U.S. Department of Agriculture (USDA) trimmed its soybean supply outlook by less than expected and left its corn stocks view unchanged in an monthly report. Wheat futures pulled back from early highs on spillover pressure from retreating corn and soybeans, […] Read more
CBOT weekly outlook: Some surprises in USDA’s WASDE
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture has thrown a few curveballs in an otherwise mundane supply-and-demand report issued Thursday, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Although USDA, in its December world agricultural supply and demand estimates (WASDE), lowered soybean ending stocks for the 2020-21 marketing year, the cut wasn’t […] Read more
U.S. grains: Futures rebound on short covering, pre-report positioning
Wheat bounces from two-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and grain futures firmed on Wednesday in a short-covering rebound from prior session losses and as investors took positions ahead of a monthly U.S. Department of Agriculture (USDA) supply and demand report on Thursday. Wheat, which hit a two-month low this week, posted the strongest advance, while improving crop […] Read more
Vilsack expected to return as USDA secretary
Reading Time: 2 minutes Washington/Chicago | Reuters — U.S. President-elect Joe Biden plans to nominate former Iowa Governor Tom Vilsack for agriculture secretary, Axios reported on Tuesday, citing people familiar with the matter. The Biden transition office did not immediately respond to a request for comment on the report. Vilsack, who led the U.S. Department of Agriculture (USDA) under […] Read more
CBOT weekly outlook: Markets could go higher after U.S. Thanksgiving
Ethanol data show demand for corn
Reading Time: 2 minutes MarketsFarm — Just ahead of the Thanksgiving holiday in the United States, the Chicago Board of Trade was pulling back a little, generating double-digit losses in most wheat contracts, while corn and soybeans were down by smaller amounts. However, from Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., sits, the trend after Thanksgiving […] Read more
U.S. farmers seed more winter wheat as grain prices rally
Reading Time: 3 minutes Chicago | Reuters — U.S. farmers expanded seedings of winter wheat this autumn for the first time in eight years as strong demand and dry weather in several producing countries fuels higher prices for the grain, farmers and analysts said. Winter wheat, seeded in the Northern Hemisphere in autumn for harvest in June, is the […] Read more
U.S. grains: Soybeans slip off peak, end mostly firm
Corn, wheat dip; strong demand, tight supply limit losses
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended mostly firmer on Thursday as late-session buying amid worries over tightening supplies offset earlier profit-taking and technical selling that had dragged prices down from four-year peaks. Corn and wheat retreated after prior-day increases as investors pocketed some gains. Chicago Board of Trade (CBOT) January soybean futures ended […] Read more
CBOT weekly outlook: Corn, soy continue rallies
Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have appreciated a significant rally over the past weeks. Last week’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) detailed lower-than-expected ending stocks for soybeans, which were bullish for soybean values. “Beans are on a mission right now,” said […] Read more
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